Nasdaq buys analytics provider eVestment for $ 705 million

Nasdaq will acquire eVestment, a content and analytics provider used by asset managers and investment advisors, for $ 705 million, funded by a mixture of debt and cash on hand.

According to Nasdaq, eVestment offers investors a database of traditional and alternative strategies, including 2,800 individual data points on more than 74,000 investment vehicles. eVestment has more than 2,000 customers.

Adena Friedman, President and CEO of Nasdaq, Says the Purchase Will …

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